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  • MBA: REFI’S ACCOUNT FOR 75% OF COUNTRY’S MORTGAGES

    BY JIM FREER
    Special Correspondent

    Even though mortgage rates likely will remain near historic lows, prospects remain dim that residential lending will stage a big rebound around the country this year, according to recent data from the Mortgage Bankers Association of America.

    Just how low are mortgage rates, and what are the forecasts for rates and mortgage volume this year?

    Freddie Mac’s survey of lenders for Jan. 28 showed a national average of 4.98 percent for 30-year fixed-rate mortgages. That survey also showed averages of 4.39 percent for 15-year fixed-rate loans and 4.29 percent for U.S. Treasury-Indexed one-year adjustable rate mortgages.

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  • Morgans Hotel Executive Found Dead
    Wall Street Journal, Posted: 03/10/10

    Randy Kwasniewski, a hotel industry veteran and president of Morgans Hotel Group Las Vegas, was found dead at his home in Las Vegas on Tuesday morning, the company said.

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  • February Home Sales Down In Las Vegas
    FOX5Vegas, Posted: 03/10/10

    The new housing numbers for Las Vegas were released Tuesday, and sales in February were down. But at the same time, sales were up from a year ago. Realtors said this time of year is typically bad for sales, but despite that, the new numbers look strong.

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  • The Coming Second Wave
    Las Vegas Business Press, Posted: 03/09/10

    There's a rumbling in Las Vegas and it's growing louder every day. It's an uprising of distressed homeowners who feel betrayed by their government and frustrated by the financial system.

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  • Citigroup Selling TruPS After Repaying Bailout: Credit Markets
    BusinessWeek, Posted: 03/10/10

    Citigroup Inc., seeking capital after repaying bailout funds to the Treasury, is selling trust preferred securities as rising investor demand drives borrowing costs to near the lowest in almost five years.

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  • Hard-Money Lenders Capitalize on Distress
    Globe Street, Posted: 03/10/10

    Hard-money lenders want to capitalize on distress in commercial real estate and the foreclosures that may hit that market, according to the Las Vegas Sun.

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  • Las Vegas unemployment rates increases to 13.8%
    KTNV, Posted: 03/09/10

    The unemployment rate in the state of Nevada in January stayed flat at 13%. But the rate in Las Vegas climbed nearly one percentage point, to 13.8 percent.

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